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tangare [24]
3 years ago
13

Matt has decided to purchase his textbooks for the semester. his options are to purchase the books via the internet with next da

y delivery to his home at a cost of $175, or to drive to campus tomorrow to buy the books at the university bookstore at a cost of $170. last week he drove to campus to buy a concert ticket because they offered 25 percent off the regular price of $16. the benefit to matt was ____ from driving to campus to buy the concert ticket last week.
Business
1 answer:
klemol [59]3 years ago
6 0

I guess the correct answer is $4.

Matt's benefit was $4 from driving to campus to buy the concert ticket last week.

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The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018, unadjusted
artcher [175]

Answer:

Explanation:

Dec 31, 2018

Dr Sales Salaries expense 1,700

Cr Sales Salaries payable 1,700

Dec 31, 2018

Dr Selling expense 3,000

Cr Prepaid selling expense 3,000

Dec 31, 2018

Dr COGS 1,300

Cr Merchandise inventory 1,300

COGS = Merchandise inventory - Year end inventory = 30,000 - 28700 = 1300

Dec 31, 2018

Dr Sales Revenue 529,000

Cr Income summary 529,000

Dec 31, 2018

Dr Income summary 444,500

Cr Sales return and allowances 17,500

Cr Sales discounts 5,000

Cr COGS 213,300

Cr Sales salaries payable  49,700

Cr Utilities expense 15,000

Cr Selling expense 39,000

Cr Administrative expenses 105,000

Dec 31, 2018

Dr Income Summary 84,500

Cr Retained earnings 84,500

Net Income = Total Sales - Total Expenses = 529,000 - 444,500 = 84,500

Dec 31, 2018

Dr Retained earnings 33,000

Cr Withdrawal 33,000

6 0
2 years ago
Read 2 more answers
An investor in a T-bill earns interest by _________. receiving interest payments every 90 days receiving dividend payments every
pashok25 [27]

Answer:

buying the bill at a discount from the face value to be received at maturity.

Explanation:

Treasury bills also referred to as T-bills are short term financial instruments. T-bills are issued at a discount from the face value or par value of the bill. Therefore, a T-bill which has a face value of $2000 may have a purchase price of $1,500. The investor will buy the T-bill for $1,500 and upon maturity of the instrument, the investor will receive $2000. The difference between the purchase price of $1,500 and the amount received at maturity of $2000 is interest earned by the investor.

4 0
2 years ago
Managers often use a(n) _____ approach when making organizational decisions - using financial performance such as profit as the
Studentka2010 [4]

Managers often use a(n) utilitarian approach when making organizational decisions - using financial performance such as profit as the best definition of what constitutes an ethical choice for the company.

<u>Explanation:</u>

When decisions are taken by taking benefits and the costs that are associated with stakeholders into consideration is an utilitarian approach. The main thing that is considered in this approach for taking any decision is consideration of the outcome and net result of the action that is to be taken.

It aims in taking an action that has greater good for many number of people and less harm for lesser number of people. It considers both the people who gets benefits and those people who suffer from the decision. It mainly focus on choosing an alternate that is more ethical and produces a good balancing of benefits than harm.

8 0
3 years ago
Cutting taxes
gladu [14]

Answer:

The answer is D) will raise disposable income and raise spending

Explanation:

When taxes are cut disposable income increases as there is less income used to pay taxes. If there is a higher amount of disposable income available then spending will increase as well as spending appetite.

Cutting taxes is a easy way to stimulate spending in an economy.

The correct answer is therefore D) will raise disposable income and raise spending.

Cutting taxes can also increase aggregate demand which can lead to higher economic growth as well.

8 0
2 years ago
Read 2 more answers
In the equation of exchange, the average number of times a dollar is used to purchase a final good or service is the __________
Dominik [7]

Answer:

Explanation:

Exchange

4 0
2 years ago
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